India, Feb. 10 -- The Maharashtra Metro Rail Corporation (MahaMetro) has floated bids to construct eight of the 22 stations planned under the Thane Ring Metro project. The project is proposed to be a 29-km circular corridor with 22 stations and is now estimated to cost Rs.12,200.10 crore, up from Rs.10,893 crore estimated seven years ago.

The eight stations where construction has been proposed are Manpada, Dongripada, Vijay Nagri, Waghbil, Waterfront, Patlipada, Thane Junction and New Thane. Of these, Thane Junction and New Thane will be underground, while the remaining six will be elevated.

According to MahaMetro's estimates, the two underground stations will cost Rs.223.70 crore, while the six elevated stations are pegged at Rs.228.44...